Pat Ryan actually said...

So what matters is the trajectory. The path of the trajectory is really what kind of matters here in the long term; is that right?

This can be a dangerous policy mix. The Treasury is issuing debt, and the Central Bank is buying it.

The economy is finally showing some signs of stabilizing, and that is encouraging.

It gives the alarming impression that the U.S. one day might begin to meet its financial obligations by simply printing money.